Understanding GST for laymen.............
I may have overlooked it, but I do not recall having read any discussion in the Local Circles on the actual and practical implementation of impending GST in our day-to-day lives w.e.f. July first 2017.
I raise this subject because a local newspaper carried some days ago on what GST would be applicable for what items from next month. But then that information was limited to a few items only.
Fact is that different products would be subjected to different GST.
My layman's understanding tells me that sellers should w.e.f. July 01, 2017 be equipped with equipment/machinery which would be able to automatically decide correctly what GST is to be charged for what item of purchase. And this machinery should be available at the checkout counters.
Strange, however, is that one does not see such machines in most of the shops today.
And this leaves with the question which I float to the general public to throw light upon.
How does one foresee the practical functioning of the system?
Unless a sale is "properly" registered, how will the seller submit his "taxes" to the IT authorities? more
I raise this subject because a local newspaper carried some days ago on what GST would be applicable for what items from next month. But then that information was limited to a few items only.
Fact is that different products would be subjected to different GST.
My layman's understanding tells me that sellers should w.e.f. July 01, 2017 be equipped with equipment/machinery which would be able to automatically decide correctly what GST is to be charged for what item of purchase. And this machinery should be available at the checkout counters.
Strange, however, is that one does not see such machines in most of the shops today.
And this leaves with the question which I float to the general public to throw light upon.
How does one foresee the practical functioning of the system?
Unless a sale is "properly" registered, how will the seller submit his "taxes" to the IT authorities? more
Viewed by 2325
View all 17 comments Below 17 comments
[ ]( # ) [ ]( # )  [ ]( http://r.sigma-institute.website/mk/cl/f/B4ARy2cbmYPz08tZDlBKa9_qRl6rKpSsinHPkgmmfUVuwrS9MrL2QERPWY_q4i1kfvq6O7TWtZG-FyZYEw6RgrCRS3PSlq4yFwSjelBaCZvzj3lfihG2WyOUDwu3DXGPWnRMq-ju_LY2zVevCBgIBy-dQ-vafuL9eGZvuqT3zJ65WlsY22XmWLZ2SEv0WT6XCciDHo2S1s66O-NOVvcJUBeIuLaNoFqDooWWNzvTUIGKEn--22Hx026ILsyvm6knfuUQ-Ah5uihR1NRAwaie355YELlyv4X9lEFfIoeM0rAoQGGowctW2HjDbLYtpFOzJlH2pQw1gwNCmJTR5zH69-EdujSoIpdw0v4CEkYV6WuBGd4bjw )  [ ]( # ) COMPUTER FOR ONLINE CLASSES [ ]( # ) [ ]( http://r.sigma-institute.website/mk/cl/f/k6t9NMZea20nTzMSbHgvq1x9XyzROffYgI9J4La8eRZ08TOJNVq4IeluhrR8vqhiCZGnRuWr89YceHZ9tMv2wQs4Pdtb7SGDB43FEhiyYu4ctSe6y_FLgxLAvB6ib_I3dJPEKCv-q_EAZqA7j0VLE5u7dqPE2b9X2VWFoTYPXfnfpzmXodnK-IJAd1lP1LQqRoowStN1aqS1X_mBXKpKvVzaR-TBNqyhc00_YkOfHgnBKEdyLC_uCzj6qZQRNy0zXizKb4csVLMZFq45muHXTF5uVpBFon2_ook-7-FXUYCL7_4OzXRHqZpVRE6YChBIuHo6MgTCMO_-2U1eZvmEG2I3yBwMk98k8co-WRj6LRpGqI_X6A ) [ ]( # )  For online classes we are providing a complete set of computer with UPS in following specifications: Monitor 15"; Camera & headphone CPU: 160 GB HDD, 2 GB RAM, Core 2 duo Keyboard, mouse UPS ( Electronic voltage stabilizer ) This complete set we offer pan India for Rs. 21000/- ( All inclusive ) One extra 160 GB Hard disk will be supplied free of cost within 5 years, if present becomes in sufficient. All carry "M.I.'s" 1 year warranty.    [ ]( # ) [ ]( http://r.sigma-institute.website/mk/cl/f/Vts1HIge-IYSEDpMU3x8JJvOXKWDqW9T-3GJqOt_pZOjAEXSPWqcceJXIYI6GFrUM-o8M0_tLnDFf4GCKIagWGVnmyXJ5U1WlFJBbQWCFrYH11lXLBnd_9QzM0zcxBLTY1VtFb5O7qpLRhlroqjaiGoaceWNEzR_uBOLdNhz9rQd0Y9zjEKyHWW0Pj34OENUTlmCvPGGlASo4eXerlaRc6OzucdXv-BHISv7AdA6zp89hIbstPTYsdcM-DIshZ7DxQGkgZmfgZlIz8p8qcjGYH8RA4HtJqsP2IGsuz8NyguENDmrkcb_7Q3VGt38U1UAo7Akz8WQ3C7w62W53nH_7kcdiWnpk1YJ4sXKq6JhiiolHPO2aQ ) We understand the hardships...  Hardships of the parents, hardships of teachers, hardships of every such individual who is now compelled to work from home; be it student or the the professional now computer set is must. we decided to help all such people by providing the complete set including UPS to save your machine for longer life. In comparison to laptops desktop is robust & long lasting and also cheap & best ! For getting this deal, please click the button below:  [ Button ]( http://r.sigma-institute.website/mk/cl/f/Brh48571qklEtoJ5jwchXy_MrZWYF6t0nwp0fgdwXXVn_KrqnWX9qlWLnqMSsRMYt-IZePqBDV1YJtgY8TX5ZZkqGIkfTr8GkpDam0McomeY-6wRYdfy0bzfvbgQOtAI56S2qMu8D7XbVCr6lWaWaMG1-Q3mOOBwm7aLW8NJ7cpEIhguwAkwLkYApe-mPc-iluzYOoRMsdDOLm-BT7LbDdlqF33Z-sXreexDf2KOlxBPjEQYCgWysdBgwEN9RUFxeZb8gzDq2Ja6xk_soebAsfzR0_0YGecFe18Kxb4xEnxofXpWVvUQoLJdnXgwMOBNcfuODKTGngXKS-9VcBESB8L-8LsDFd_acpOCBL9Atkiquc6WPg ) [ ]( # ) [ ]( # )  SIGMA INSTITUTE Delhi Cell: 9899075161 [ ]( http://r.sigma-institute.website/mk/cl/f/7EVYlwo_W2ASNy5XU1yrAaKBWUNGcFVQMLGQ-M0Vo9_3dm2nPEVPeghfUDb3XdRLofdEAnpZZ704fdMrnQ8wzR5aBd5Nev-tIWN9tWZQVrAu21mg9caUgFaXsaHNXiw2uFjTCfzUhS2bqPdCsEj_VbadRfLiGLqxGqePBQtEWxI36YXKrT-9295UriAN1wAsyIk73rBu-VUUpGa9W6N50DaYtOJyzt2HCgK0BE4RaGRs0mqNvmb2gt6FiBImvdjuCHf4AY4yE1P6w6kVpYrZfcOjCvPH2iPv-NStRdKkAT6aqxCWObl_CuWIFn9-KRSlSH_2mEZPA4ts7TjwVqPU4T3nJLvJwg ) [ ]( http://r.sigma-institute.website/mk/cl/f/lmYxJ8gntdeJ89STdbtIrKLtlaP--_fRPLwll6OfOrHuyx0kj7ctDdhGdjsvH3N5LWn1jxscXTudIhw9JJqxRE5Vm14EBTV6jlN3Ca5KHDtg4WZc3HiczIyJHTHifluDg6MOwldnMKKYBd_KgM4aWEaW04geMiD7aS8uP8Z1Fm0bx96DlkSm74eYSgKluPaQlbCadSdEuIDDf1PLgImmFw5dPTr7KmaFpUFGuUtXugzKKkpL5mWc4Gl5BBI7DeOyKNYjdT4k_1PzoJtdQKdBx2mFoeSjWDthHoBWqIGCYtXRnBo2u_QgjIImtRQM0dqGcUnCdUVLDq0s6lTHhF5iFeYM-A ) [ ]( http://r.sigma-institute.website/mk/cl/f/TxmPnUMWNAHWNe7wG6gFie9TXE1qjCmqL6-AxMCl7GT2n4Z43qGJxIZVSjI0EFS1bOC1ubGDCl0Il2ghT_5rf5Xv0z6grf3oHXG7NptJEJoUBMeuAkYnDEdGqRYFsmiCm9n-KNfLxu19KGwgThubqsh1PSCfjh6IgaowiQ5fm67k_7rBYlfAD64KDc2orL9FpPyE1aLy67kad-byniDmLiNp16xcBTa0yW_l-GkOv4HIMoWpFALsK7nHl6ENAs6gORiMgqhm_kvszKMADErMO9d8JacnTE9RdvJH0IE7BRZUTpvIFMVqhatkq0F9cQyklkU7eNaexdRubXA59HQdOVE ) [ ]( http://r.sigma-institute.website/mk/cl/f/VqzN0mxdMgUoux8gkfovYvsbxZ3f-bFYGEpms2AwYswgNl1hnp0UY0JXC7Sd9GPrzOuoNwr4xR48HSGdlRGMcE3FTV2SvBsxAVggqksLHzB9wuP4WlDbh90fJfFv51SBPVsbmgUxcfQAGfq_m5A4U9eAgsqxqOK8Z40FSglGTX5OBqFE1hyOaTSoCXJq_sySb3poN-wV1b96KrUuud2u1x-0m2CeyPaD-jnNx5QfmxSXi5VMwUH5RhvS1SDRv6tGQAJrMk0NjgkcrwKpBjyxJI4meoCHVo9m5tCHwcVrmjo8Eyv-FlSAWnGUwI1K9u5sidOkSDNiJYkdgNYrZyi9dk-0pSlLRGeWN5yJmaw ) [ ]( http://r.sigma-institute.website/mk/cl/f/sma6UQtqNET5UZqIRfPquJsgiXKZwO5PAZqfMvIi5TZ7eKl_62b4vfZf6YEKPKZDw68kRskYDDVgfDU74DHrhaiD-IKoo7GKxWPCVBRI-wzR-wyRrQF3TWQTqs54zcjzvIxPpWKOVA1SoD8-uTuyDlFnXcdpTSNDiy-DMracKCq6iKPxfvH0_Rc4LO0HZC-pIUHqbpRHCzODOyoCKu2EbkjvfyD9eJ09_AkWWO9NxCnG3b5SptV8Os7p0HlFvUj_0OJY-vLZAGebZf-6Q6OozNwlN0yY027Zl9rZngBeOHR7-WjVzKps0PtZ60T7OB4ucnnT3apX_9jKfxp26oTkJLTM5zy7Qg ) [ ]( http://r.sigma-institute.website/mk/cl/f/YiJMIGQ-4HAFB5LHnu79lr6eCMYfLWYdx3eMIaCQL8BMKlQovaiYzd7DhPW41EUBcoRiGUicVKJ14wR7ZuDi3dLMwCRFY1fXpwVav0bDcyq5v1K09dZfVwbsMkrCCiBXl2a-5ePAEGPwxEFxzwAdieY9e2h8KQw7MECSAYFm_-h245_l4rh78B0tVv7cj4OvDPi9AtzfqapUTm5SU_PrKSAWnq1hooE0rvTNb66UyxYqp1yRB74YJrkrOVIFycu-9yGsLA9hDxyUutlRXNUByQ6orV-yHK7L4-Z9Av4ESMseYN8RNk3Wknu64eCMGEjoiAx9zSxI6IW99QYgHYVRRthUHAxtzl7vmnI6__FPd1YssKNwIBJFn9aSSovsNLtSD3tsDD-noRsAiLytt98 ) [ ]( http://r.sigma-institute.website/mk/cl/f/6OF0BOYLgj7q98BWWuc8m3AOYo9cB5DsArVx6Cttjs1i2-TnfSHfyQz0ZMBRHX9oUmCgUybwCRKaSQ3l029dTrx5inQLZtGfg_vVuITkBAN3_izRvZ7M8NBr1JubYcgGvX2qwjJOG3yQFNvb6q_k3tHnBiAprl6rDh7qxYLos4RrR63nTeZPu3Nzs3KT2A__G_bYNSgqquKKGNeZK-vyXbEHwoU-327mLZcvpDnArhncqhjSKEXarnkYiHYS6n3LbePuBL1Yzyaq_AeEuyAQBVCqjBGYbHP2vMZh3aAaA6yrBflq5ffU18odKr-43_7kkOgZ0f6WqppgB20JL_bmgRvgPxhdu4Hk964IYE1q ) [ ]( http://r.sigma-institute.website/mk/cl/f/dmk8HpVTg5t6WdAQjj6b7e_JJuyWTmZbSmy3vR3ET1wNqud5Gjca-9VJ4TNb5YVZnbgAGmJf6wezJDizNSesMM74W4EFYfG6OrNKzLeAP7YbYaPfgTu2_ZMG-tJJXFu8yVJ8pm0z6HrQS3WwmN0q5JKgueRNjGV22wwuaXYqTLc8HD-j8ONosf-6pFCT3OuxHcpeNg4fQryUnSuEZDr_-m-e4H0HLKiOGMP0qTTCl2ognnM6Kx7qeMFmO9PVa-t_IiS5ELFW7E7rRGSEMJraz114AZvtqxSbgigfU_zBylIUIbfqFiYjuis1bHWe3e97i3ylapNnG6IMxTsRugQkQHGec_ouGTJq-zNc )  [ ]( # )  You received this email because you are registered with Sigma Institute  [ Unsubscribe here ]( http://r.sigma-institute.website/mk/un/qhuXzhV0DUbXzG1yJXKjqLGsGTXg60SQBt1j-jjENgOz_jntWPuvjo58l8vsysCuKw6MiCMQeEz-FgIrIjQ07m_o7oEd1MmIOvaw6Ohu4TUz4jG_1RMdCXEEgOx0aiFLBuhGwVrg6s6PQqTLwWhQJFRyFy6Ltyon-wu1k7p3NeOTSA41ofQk8Px-ZK_4nLpSG173Eg4NKoTrMqlG_VlTUSRrcDo )  [ ]( # )  © 2020 Sigma Institute  more
Oct 31
GST is not the replacement of Service Tax only but its a replacement of all other direct (sales tax & VAT) & indirect (excise duty) taxes on services and products. As I understand, GST was meant to ease the taxing system in the country with least number of slabs & rates by introducing only one kind of tax all over the country for the benefit and convenience of the government, the manufacturers & traders and the consumers as a whole by abolishing all kind of surcharges, cess etc. etc. But the government has not made any efforts to abolish the surcharges & cess, which are to continue even after implementation of GST. More over, on implementation of the GST, the common man will require to pay much more prices for more than 90% of the goods ranging from 1% to 13.5% (cosmetics) while the tax will reduce in the remaining cases by 05 to 3% only. Very cunningly, the government have done everything in its favour only and increased the taxes in the name of GST without taking the risks of tax increasing in general budgets, as in that case the mandate could go against it. more
Jun 22
For maintenance of common areas and common services Builders/developers/ Maintenance Agencies were charging 12.6% including cess as services tax before Mr. M0di which was increased to 14% by Mr. Modi. This was subsequently by new cess increased to 15%. Now under GST this rate will be !8%. Will Maintenance agencies increase or reduce burden to flat owners from 01.07.2017? Will benfit of tax credit be passed on to consumers? more
Jun 22
Any new regulation will have some teething problems. hence, Government is not going to implement the penal provisions for first two months. more
Jun 20
